Beazer Homes to Restate Prior Periods (BUILDER Online) Revised financials will increase net income despite a 2006 loss; internal probe finds HUD violations.
Moody's Downgrades Home Builders to "Junk" (CNBC.com) Moody's Investors Service on Thursday cut its ratings on Centex, Lennar, and Pulte Homes to junk status, saying it expects bleak housing industry conditions to linger at least until 2009.
Bush: Housing Weakness Not Nationwide (Reuters/Yahoo! News) President Bush says weakness in housing markets was regional, not national, and that the solution to the problem was not more regulation but to help people refinance their mortgages.
Nevada is Still on Top of the U.S. Foreclosure List (BUILDER Online) Activity decreases in September but still remains high compared to September 2006.
White House Forms Mortgage Coalition (MSNBC.com) Coalition aims to help homeowners facing foreclosure.
House Passes Affordable Housing Trust Fund (BUILDER Online) Administration threatens to veto Democratic-led effort.
House Approves Foreclosure Relief Bill (BUILDER Online) New law would offer tax relief to homeowners renegotiating loans.
FDIC to Mortgage Servicers: Freeze ARM Rates (CNN.com) Top bank regulator suggests industry cuts losses now to prevent foreclosures.
American Home Scraps Auction of Business (CNN.com) The bankrupt mortgage lender says it will seek approval to sell to billionaire investor Wilbur Ross.
Video: Green Houses are Hot (CNBC.com) Green building is the No. 1 growth sector of the building industry, reports CNBC's Diana Olick.
The United States of Subprime (The Wall Street Journel.com) Data shows that bad loans permeate the nation, and the pain could last for years.
Luck Turns on Las Vegas' Once-Hot Home Market (CNBC.com) People trying to sell their homes in Las Vegas, one of America's hottest job and property markets over the past decade, have seen their luck turn dramatically worse this year.
Countrywide Slashes Jobs as Bad Loans Rise (Reuters/Yahoo! News) The company says it funded 44 percent fewer mortgage loans in September as it tightened lending standards, while delinquencies increased and foreclosures more than doubled.
Blog: Show of Restraint (BUILDER Online) Agree or disagree with the thoughts of BUILDER Editorial Director Boyce Thompson.
BUILDER Business Update (BUILDER Online) A weekly e-mail newsletter with breaking industry news on the business of building homes. Sign up for the BUILDER Business Update and other Hanley Wood newsletters.
Take the BUILDER Poll (BUILDER Online) Have you seen an increase in the last year of jobsite theft?
From the Pages of BUILDER: Midnight Run (BUILDER Online) The specter of families running from foreclosure, leaving their new homes in the middle of the night, haunts the Franklin Township section of Indianapolis, a part of the city where home builders flourished during the boom. Check out more from the current issue of BUILDER.
Robb Crocker is the senior editor for BUILDER Online. Please e-mail any comments, questions, suggestions, and news tips to firstname.lastname@example.org.
Learn more about markets featured in this article: Indianapolis, IN.